Dairy Doesn’t Spoil in Economic Crisis
As plenty of markets take spills in the midst of international economic downturn, one industry is managing to thrive: the dairy industry.
As plenty of markets take spills in the midst of international economic downturn, one industry is managing to thrive: the dairy industry.
The Packaging Machinery Manufacturer’s Institute (PMMI; Arlington, VA) has released a recent study, "Dairy Industry Market Research Study 2009," in which the industry proves to be making considerable profit. PMMI’s study evaluates the perspectives of 34 leading dairy processors, accounting for 68% of the total dairy industry. While some doubt comes with the prospect of raw materials and price fluctuations in the future, the study still bodes well for the industry.
The study affirms that, even with a price increase of 9%, dairy product sales have gone up 2% within the last year. U.S. dairy production is expected to move to the West Coast and to centralize in a greater number of mega dairies, according to PMMI. Production methods are also expected to change, with a greater vested interest in energy sustainability. Such cost-effective moves in production would, in effect, make up the projected capital expenditures (expected from 71% of dairy processors) on packaging and machinery investments that will continue as long as dairy is a thriving industry.
PMMI’s full study can be read at www.pmmi.org.
The Nutritional Outlook Podcast Episode 29: 2024 Ingredients to Watch
January 31st 2024Nutritional Outlook interviews Scott Dicker, market insights director from market researcher SPINS, about ingredients and product categories nutraceutical and nutrition product manufacturers should watch in 2024.
Judge denies CRN’s motion for preliminary injunction but its lawsuit against NY state will proceed
April 23rd 2024The judge in CRN's lawsuit against NY state's law banning the sale of weight management and muscle building supplements to minors has denied its motion for a preliminary injunction, but determined that CRN has standing to sue on behalf of its members.
Arla Foods to acquired whey nutrition business from Volac International
April 22nd 2024Arla Foods Ingredients has reached an agreement to acquire Volac’s Whey Nutrition business through a purchase of shares in Volac Whey Nutrition Holdings Limited and its subsidiary, Volac Whey Nutrition Limited and Volac Renewable Energy Limited.
